On writ the Court held that the assessee was engaged in the manufacture of handloom sarees, the order passed by the appellate authority requiring the assessee to pay 20 per cent. of the tax demand was on the higher side. The assessee should deposit Rs. 10 lakhs instead of 20 per cent. (which came to around Rs. 47,89,456) of the demand ordered by the appellate authority.(AY.2018-19)(SJ)
Ramasamy Rajkumar v. PCIT [2023] 155 taxmann.com 579 / (2024)460 ITR 669 (Mad)(HC)
S. 226 : Collection and recovery-Modes of recovery-Stay of recovery proceedings-Pendency of appeal before CIT(A)-Directed to deposit Rs 10 lakhs. [Art. 226]